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An update from Larvotto Resources Limited ( (AU:LRV) ) is now available.
Larvotto Resources Limited has received a non-binding indicative offer from United States Antimony Corporation (USAC) to acquire the remaining shares not owned by USAC, proposing a fixed exchange ratio of 6 USAC shares for every 100 Larvotto shares. The offer, valued at A$1.40 per Larvotto share, follows USAC’s acquisition of a 10% shareholding in Larvotto. The offer is subject to conditions and may not lead to a binding proposal. Larvotto’s board is reviewing the offer with the assistance of financial and legal advisers and will provide guidance to shareholders in due course.
More about Larvotto Resources Limited
Larvotto Resources Limited (ASX:LRV) is engaged in advancing a portfolio of mineral projects, including the Hillgrove Antimony-Gold Project in New South Wales, the Mt Isa copper, gold, and cobalt project in Queensland, and the Eyre multi-metals and lithium project in Western Australia. The company is supported by a board with expertise in exploration, mining, corporate finance, and ESG.
Average Trading Volume: 6,013,300
Technical Sentiment Signal: Buy
Current Market Cap: A$640.3M
For an in-depth examination of LRV stock, go to TipRanks’ Overview page.